Real Time Worlds Administrator: Interest from UK and USA Confirmed
But £3,000,000 owed to UK trade creditors
Real Time Worlds' financial woes could be saved, as potential buyers from both the US and the UK have expressed interest in buying the troubled development studio.
“We are actively pursuing all these expressions of interest which have come from both the UK and US,” said joint administrator Paul Dounis who is handling the process for Begbies Traynor. Trade creditors in the UK are owed roughly £3 million, so these buyers must see real potential in the talent in the studio.
Dounis added that of the 210-strong workforce based at Real Time World's Dundee office, only 53 employees have remained. In the studio's Colorado-based head office in the US, 14 jobs have been saved out of a total of 42.
“We very much regret the redundancies that we have had to make,” Dounis added as he confirmed the redundancy damage. In light of any potential investment deal, it was announced that the studio was continuing to trade and that APB will still operate for users as normal. “The game will continue and that is something we want all customers to be aware of."
Somewhat hopeful news for the studio's future then, but not so good for those who have been made redundant from the administration process. SPOnG wishes success for those who have unfortunately lost their jobs over the incident.
“We are actively pursuing all these expressions of interest which have come from both the UK and US,” said joint administrator Paul Dounis who is handling the process for Begbies Traynor. Trade creditors in the UK are owed roughly £3 million, so these buyers must see real potential in the talent in the studio.
Dounis added that of the 210-strong workforce based at Real Time World's Dundee office, only 53 employees have remained. In the studio's Colorado-based head office in the US, 14 jobs have been saved out of a total of 42.
“We very much regret the redundancies that we have had to make,” Dounis added as he confirmed the redundancy damage. In light of any potential investment deal, it was announced that the studio was continuing to trade and that APB will still operate for users as normal. “The game will continue and that is something we want all customers to be aware of."
Somewhat hopeful news for the studio's future then, but not so good for those who have been made redundant from the administration process. SPOnG wishes success for those who have unfortunately lost their jobs over the incident.
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